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Biden backs bumper economic stimulus bill – with big caveat – BBC News

Biden backs bumper economic stimulus bill – with big caveat BBC News Read more…

Economics needs to evolve | The Economist

Jun 26th 2021 NOT FOR the first time this century, the global economy is rebounding from crisis. The new normal will differ from the old one. The pandemic shifted resources around, destroyed firms, and subtly adjusted habits. The economy has evolved, in other words. Strangely, most economic models do not treat the economy as an […]

FOREX-Dollar holds below two-month highs as Fed policy in focus, sterling slips

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds quotes, updates prices; changes dateline, previous LONDON) By Karen Brettell NEW YORK, June 24 (Reuters) – The dollar dipped on Thursday as investors evaluated the likelihood that the U.S. Federal Reserve will be more aggressive in stamping out high inflation if it persists, while the pound weakened after […]

Company managing inflation with efficiencies, brand renovation

The head of Kraft Heinz’s U.S. business told CNBC on Wednesday that rising price pressures during the Covid pandemic have so far been “manageable” for the food and beverage giant. “From our perspective, it looks manageable, the inflation that we’re seeing so far,” Carlos Abrams-Rivera said in an interview on “Power Lunch.” “For us it’s around mid-single […]

British Columbia looking abroad for economic help in the post-pandemic era

The government of British Columbia has appointed world-renowned professor Mariana Mazzucato to help advise on post-pandemic economic decision making. The University College London economist and her team at UCL’s Institute for Innovation and Public Purpose will advise the province as it develops its economic plan. The province will also be seeking input from B.C. business […]

U.S. Stocks Mixed After Release of Economic Data

Text size The New York Stock Exchange at Wall Street on Mar. 23, 2021 in New York City. AFP via Getty Images U.S. stocks were mixed on Wednesday afternoon, after exhibiting strong gains earlier in the day and the release of fairly strong economic data. The Dow Jones Industrial Average fell 18 points, or 0.1%, […]

How much economic impact did national parks have on Pennsylvania? You’d be surprised how much

While the coronavirus pandemic pushed the number of visitors and the money they spent at national park sites in 2020 to their lowest levels since 2012, sites in Pennsylvania attracted more than 5.5 million visitors, who spent $208.8 million within 60 miles of those sites. “The pandemic reminds us all of the importance of the […]

Dollar in retreat as Powell says Fed won’t raise rates on ‘fear’ of inflation

A set of US dollar banknotes are fanned out for a photo. Igor Golovniov | SOPA Images | LightRocket via Getty Images The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still […]

Covid-19 live updates: Fauci calls delta variant ‘greatest threat’ to eliminating coronavirus in U.S. – The Washington Post

Covid-19 live updates: Fauci calls delta variant ‘greatest threat’ to eliminating coronavirus in U.S. The Washington Post Read more…

GlobalFoundries puts $4bn into Singapore expansion

SINGAPORE — U.S. semiconductor giant GlobalFoundries will invest over $4 billion to expand its Singapore wafer plant and ramp up capacity as it attempts to tackle the global microchip shortage. The privately held company owned by the United Arab Emirates’ Mubadala Investment Company announced on Tuesday that by the first quarter of 2023 the investment […]